Business
Burin Gold mobilises airborne geophysics crew to Hickey’s Pond, Newfoundland
VANCOUVER, British Columbia, Nov. 29, 2021 (GLOBE NEWSWIRE) -- Burin Gold Corp. (TSXV:BURG), (“Burin Gold” or the “Company”) is pleased to announce that followi
About this update from Infinico Metals Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 29, 2021 (GLOBE NEWSWIRE) -- Burin Gold Corp. (TSXV:BURG), (“Burin Gold” or the “Company”) is pleased to announce that following its successful IPO and listing on the TSX Venture Exchange on November 22nd, 2021, the Company has moved rapidly to mobilise an airborne geophysical survey crew to its property on the Burin Peninsula of Newfoundland. The Company has contracted Geotech Ltd. (“Geotech”) to conduct a +1,600 line-km airborne Versatile Time-Domain Electromagnetic (“VTEM”) geophysical survey over the Hickey’s Pond – Paradise Gold Project. Geotech personnel are now at the property site and the survey will be ongoing over the next several days, subject to favourable aviation weather. The Company previously completed a VTEM survey over parts of the property in 2019. The airborne inductively induced polarization (“AIIP”) anomaly generated from the survey data by Geotech correlated closely with the spatial footprint of alteration and mineralisation around the Hickey’s Pond showing and delineated a 7 km long anomaly that is as-yet untested. With this new survey, the Company will have complete VTEM coverage over the property and will test for the first time a second trend of showings 6 km in length that has neither historical geophysical coverage nor historical drill holes. David Clark, CEO of Burin Gold said, “We are serious about moving quickly and generating exploration results right out of the gate of our IPO. This survey will help us define drill targets on the Paradise trend, a 6 km long series of undrilled epithermal gold showings located west of our main Hickey’s Pond trend, will extend our previous survey along strike of the Hickey’s Pond trend, and help us better interpret the geology of the district. We plan to mobilise a drill in early Q1/2022 to start our resource-level drill program at Hickey’s Pond.” Preliminary results from the airborne survey are expected in December 2021. The survey results will help define targets along strike of the known alteration trends on the Company’s property and help with district-scale geological interpretation. About Burin Gold Corp. Burin Gold is a newly listed public company on the TSX Venture Exchange. The Company’s principal asset is its Hickey’s Pond-Paradise Gold Project on the Burin Peninsula, Newfoundland. This project contains the Hickey’s Pon...